WEBVTT - The A&G Replay Friday Hour Three

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center, Jack Armstrong, Gatty arm.

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<v Speaker 2>Strong and Jetty and He.

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<v Speaker 3>Armstrong and Getty Strong and the Radical gender Theory. It's

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<v Speaker 3>a gender bending madness update.

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<v Speaker 2>It's over. We haven't done one for quite a while. Wow,

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<v Speaker 2>I assumed it all been fixed.

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<v Speaker 4>Oh lord, No, it's not the beginning of the end.

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<v Speaker 4>It's the end of the beginning. People know they have

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<v Speaker 4>to fight this stuff. I held back on this story

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<v Speaker 4>for a long time because it's so terrible, but then

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<v Speaker 4>I realized, you've got to get people to understand the

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<v Speaker 4>depth of the insanity that has infected our society, from

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<v Speaker 4>the teacher colleges through the education system mostly. But a

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<v Speaker 4>federal judge's ruled it would be unconstitutional for an Indiana

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<v Speaker 4>prison to deny a transgender inmate sex reassignment surgery following

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<v Speaker 4>the inmates lawsuit this dude who murdered an eleven month

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<v Speaker 4>old baby in two thousand and one and is freaking crazy.

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<v Speaker 4>The ACLU argued successfully that to deny him a sex

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<v Speaker 4>change would be a violation of the Eighth Amendments prohibition

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<v Speaker 4>of cruel and unusual punishment. This is a measure of

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<v Speaker 4>how far this insanity has come that people just accept

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<v Speaker 4>that a mentally ill person who decides, you know what,

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<v Speaker 4>I'm a check I think must be indulged in that

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<v Speaker 4>mental illness.

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<v Speaker 5>Well, and so is he hanging out with other women

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<v Speaker 5>in the prison right now? Probably actually knows. And then

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<v Speaker 5>you got the problem of taxpayers having to pay for

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<v Speaker 5>this incredibly expensive surgery.

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<v Speaker 2>Yeah, I know.

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<v Speaker 4>This crazy dude has been taking female hormones and testosterone

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<v Speaker 4>blockers since twenty twenty.

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<v Speaker 2>Wow.

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<v Speaker 4>Wow, an insane child murderer gets an extremely expensive confirmation

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<v Speaker 4>of his mental illness from taxpayers.

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<v Speaker 2>That's how far it's gone.

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<v Speaker 4>Moving along, and on a similar theme, a piece of

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<v Speaker 4>writing that's getting a fair amount of attention online, at

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<v Speaker 4>least the mainstream media is ignoring it. The husband of

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<v Speaker 4>the whistleblower who exposed the gender affirming medical care given

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<v Speaker 4>of miners at Washington University Transgender Center at Saint Louis

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<v Speaker 4>Children's Hospital. She was a very famous whistleblower last year

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<v Speaker 4>who said, hey, they're still doing this stuff. It's undercover

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<v Speaker 4>of darkness. They're denying it even as they're doing these

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<v Speaker 4>cruel experiments on confused children. Her husband is a transgender

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<v Speaker 4>dude who lived for thirteen years as a dude and

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<v Speaker 4>is now de transitioning.

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<v Speaker 2>And it's a long and really interesting piece.

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<v Speaker 4>This poor woman was raped and sexually abused over and

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<v Speaker 4>over again, had painful conditions related to menstruation and some

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<v Speaker 4>of the other reproductive parts, and had just terrible psychological problems,

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<v Speaker 4>and transitioned hoping that being a guy would straighten out

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<v Speaker 4>her poor awful You wouldn't wish this on your worst

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<v Speaker 4>enemy life. And now thirteen years in, she's saying, you

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<v Speaker 4>know what, I'm a woman, so.

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<v Speaker 2>So I know this is really dumb.

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<v Speaker 5>You know how I can't figure out time changes for

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<v Speaker 5>some reason? Yes, I never I never had fallbacks there.

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<v Speaker 5>I never know her am I falling back or the

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<v Speaker 5>clocks falling back? I never get figured out. I can't

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<v Speaker 5>imagine where this is going, folks. So I'm as lost

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<v Speaker 5>as you are. Yes, I can't never remember. When you

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<v Speaker 5>say trans man, does that mean you almost never ever do?

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<v Speaker 4>Well?

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<v Speaker 5>If I read that, if I read a trans man,

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<v Speaker 5>does that mean they're currently a man and we're a

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<v Speaker 5>woman the other way around.

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<v Speaker 2>No, it's a recently arrived man. Think about it like that.

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<v Speaker 5>Okay, so when I read transman, or if I read

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<v Speaker 5>trans woman, it means they were a man. You set

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<v Speaker 5>your clock back an hour, that's cract. Yes, yeah, I googled.

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<v Speaker 2>It clock back an hour. There you go. So I

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<v Speaker 2>like this.

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<v Speaker 4>This is just another item, and I think maybe for

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<v Speaker 4>the Armstrong You Getting One More Thing podcast, we'll do this.

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<v Speaker 4>Have you heard anything about auto gynophilia. No, It's said

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<v Speaker 4>to be a factor in a lot of adolescent boys

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<v Speaker 4>who think they're girls. It's a psychological phenomenon where it's

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<v Speaker 4>it's heterosexuality, like misdirected that they come fast, so fast,

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<v Speaker 4>it's fascinating with the idea of being.

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<v Speaker 2>With a woman that they want to become a woman.

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<v Speaker 4>Maybe, and I've got a long description of it and

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<v Speaker 4>how it works and that sort of thing, but it

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<v Speaker 4>would be too long for this setting. So maybe Armstrong

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<v Speaker 4>and Getty one more thing listen later. But I love,

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<v Speaker 4>I absolutely love this response. This is from the Mayo

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<v Speaker 4>Clinic think about pregnancy, which is often viewed as an

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<v Speaker 4>exclusively female phenomenon. Often the midwis that the Mayo Clinics say.

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<v Speaker 4>According to this commentator.

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<v Speaker 2>Word often seems to be an understatement.

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<v Speaker 4>Yeah, think about it. It's often viewed as an exclusively

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<v Speaker 4>female phenomenon. It's easy to use the term pregnant women

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<v Speaker 4>without a second thought. So it's the Mayo Clinic trying

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<v Speaker 4>to convince you that no, men can be pregnant.

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<v Speaker 2>No, they can't.

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<v Speaker 4>Men have never, not once in the history of mankind,

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<v Speaker 4>been pregnant, So it's not really often.

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<v Speaker 2>It's always, yes, Yeah, it's absolutely always.

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<v Speaker 4>And this response I thought was great by one Carolyn Johnson,

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<v Speaker 4>because women can have anything that is precious for themselves.

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<v Speaker 4>Being pregnant was one of the most life affirming times

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<v Speaker 4>of my life. But apparently even that can be appropriated

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<v Speaker 4>and not seen as appropriation.

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<v Speaker 5>I'm not on the cultural appropriation bandwagon, but I like

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<v Speaker 5>this version of it.

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<v Speaker 2>Yeah.

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<v Speaker 4>Yeah, dudes, you're a dude or you're a woman. Either way,

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<v Speaker 4>you live whatevery life you want.

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<v Speaker 2>I don't care.

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<v Speaker 4>But if you're a dude, don't ask me to call

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<v Speaker 4>you a woman. This is also kind of opropos nothing

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<v Speaker 4>but from the gender banning madness world. The Daughters of

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<v Speaker 4>the American Revolution are fighting a bunch of their woke

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<v Speaker 4>members who want to start admitting dudes even though their

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<v Speaker 4>bylaws have always been clear. It's for the daughters female

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<v Speaker 4>descendants of revolutionary patriots. It's a genealogical organization. You have

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<v Speaker 4>to be genetically descended of known American revolutionary movers and shakers.

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<v Speaker 4>Seems like an odd organization, but so they are now

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<v Speaker 4>fighting the idea that dudes should be involved to if

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<v Speaker 4>the dude just says.

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<v Speaker 5>I'm a woman and took some hormones, Oh my god.

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<v Speaker 5>This has got to be the as far as it

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<v Speaker 5>can go. Right when you've infiltrated the daughters of the

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<v Speaker 5>American revolution.

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<v Speaker 4>One more piece of bad news than some really really

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<v Speaker 4>good news, some kick ass women who deserve your support,

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<v Speaker 4>first of all, though, one more kick in the nards.

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<v Speaker 2>Pardon me if you have them, well, if you have them.

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<v Speaker 4>A New Hampshire high school called the police on parents

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<v Speaker 4>wearing pink Crisp bands featuring two x's that were in

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<v Speaker 4>support of keeping boys out of girls' sports. The parents

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<v Speaker 4>had been advocating for the school to set up policy

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<v Speaker 4>barring boys from playing as girls.

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<v Speaker 2>But the school district told them they cannot do.

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<v Speaker 4>Anything since the court recently ruled that the term girl

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<v Speaker 4>includes boys who claim identity as girls. In the state's schools,

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<v Speaker 4>and so they not only told the parents that they

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<v Speaker 4>would not change any inclusion policies, but they also officially

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<v Speaker 4>banned parents from attending any school events for the crime

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<v Speaker 4>of supporting girls' sports. You got a pink rist band,

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<v Speaker 4>You're not getting in or calling the cops and having

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<v Speaker 4>you charge with trespassing. Wow, you don't think it's worth

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<v Speaker 4>fighting on the side of those parents.

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<v Speaker 2>Finally, this, this is the good stuff.

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<v Speaker 4>The governor of Idaho has come out to cheer the

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<v Speaker 4>Boise State University women's volleyball team after their decision to

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<v Speaker 4>forfeit their Saturday game against San Jose State.

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<v Speaker 5>San Jose State, the Spartans not at all, not.

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<v Speaker 4>At no, they are really kicking ass. Are the Spartans

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<v Speaker 4>aided in part by a dude identifies as a woman,

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<v Speaker 4>dresses as a woman, is a dude, you see, that's

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<v Speaker 4>the hang up and is dominating the middle and unleashing

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<v Speaker 4>spikes that are speeds at speeds that are never ever.

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<v Speaker 2>Seen in women's volleyball.

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<v Speaker 5>Yeah, that's why there have been two forfeits in a

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<v Speaker 5>row and now their players, at least anonymously on the

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<v Speaker 5>San Jose State team are complaining that it's too dangerous

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<v Speaker 5>to play with this gentleman who's playing on the women's

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<v Speaker 5>college team because her spikes are eighty miles per hour

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<v Speaker 5>and they've never dealt with that before.

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<v Speaker 2>Oh so I can practice and stuff.

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<v Speaker 4>Yeah, yeah, Plus you might get hit in the back

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<v Speaker 4>of the head, I suppose if one goes awry. Additionally,

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<v Speaker 4>State Senator or thus Senator committed the team for taking

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<v Speaker 4>a stand for women, writing kudos to Boise State for

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<v Speaker 4>taking a stand for women in sports. Ido's hard working,

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<v Speaker 4>talented female athletes deserve a fair playing field where they

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<v Speaker 4>can compete and win.

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<v Speaker 5>Well, I'm glad the governor is saying that, because when

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<v Speaker 5>Boise State announced they were forfeiting, they put out a

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<v Speaker 5>statement but did not provide an explanation for the forfeit.

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<v Speaker 5>They were too chicken to say out loud, we're not

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<v Speaker 5>playing because they got.

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<v Speaker 2>A dude on their team. Right right, let's see.

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<v Speaker 4>You know, it's funny this article gives the Boise State's

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<v Speaker 4>next game or a San Jose st next game. But anyway,

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<v Speaker 4>you are now seeing finally, finally, finally, women and the

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<v Speaker 4>men who support them marching in formation with Riley Gaines

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<v Speaker 4>and standing up and saying no, I'm not stepping on

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<v Speaker 4>that field. This is a farce, It is a joke.

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<v Speaker 4>These are women's sports. No dudes, no matter they're psychological problem.

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<v Speaker 4>No dudes, if they're transgender or schizophrenic, or are shy

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<v Speaker 4>around other people, doesn't matter.

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<v Speaker 2>You're a dude. You don't get to play period. Folks.

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<v Speaker 4>The radical Marxists want to erase all binaries, all of

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<v Speaker 4>the divisions, all of the fence posts that give structure

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<v Speaker 4>to society. That's how you take over a society and

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<v Speaker 4>the institutions of the society.

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<v Speaker 2>Don't let them do that.

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<v Speaker 4>Don't let them force you on your knees and call

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<v Speaker 4>a man a woman just because they told you to.

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<v Speaker 2>End of screeds. Madness updates.

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<v Speaker 5>So in the most recent win for the undefeated Spartans

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<v Speaker 5>where they beat Fresno State, Yeah, take that, you bunch

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<v Speaker 5>of girls. Fleming, dude, if you want to compete Fleming,

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<v Speaker 5>the trans player in question led the team with sixteen kills,

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<v Speaker 5>so the dominant player on the floor.

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<v Speaker 4>It is a measure of people's intellectual cowardice that they

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<v Speaker 4>put up with this at all. And I get not

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<v Speaker 4>everybody can be a tissed off iconoclassed the moment they

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<v Speaker 4>wake up in the morning like me and you.

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<v Speaker 2>But my god, we need more people. It is amazing

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<v Speaker 2>how many people go along with it.

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<v Speaker 5>having printer problems.

0:13:06.240 --> 0:13:06.920
<v Speaker 2>That's a good point.

0:13:07.440 --> 0:13:09.520
<v Speaker 5>We're going to get to Mars and people still can't

0:13:09.520 --> 0:13:11.240
<v Speaker 5>make their printers work at home or at work.

0:13:11.400 --> 0:13:14.000
<v Speaker 2>I still I like to orchestrate it.

0:13:14.040 --> 0:13:16.080
<v Speaker 4>I arrange it carefully, so it may be a little

0:13:16.120 --> 0:13:19.480
<v Speaker 4>haphazard today. But guys, I was reading, Oh this is

0:13:19.520 --> 0:13:22.559
<v Speaker 4>from Loyal Listener A frequence correspondent Powe Law. I was

0:13:22.600 --> 0:13:25.600
<v Speaker 4>reading Kamala Harris got five billion dollars for lecture school buses.

0:13:25.760 --> 0:13:26.960
<v Speaker 2>They're slowly hitting the road.

0:13:27.080 --> 0:13:29.319
<v Speaker 4>Proponents say the bus is whose initial cost about three

0:13:29.360 --> 0:13:32.920
<v Speaker 4>hundred and seventy five thousand dollars apiece. Is that will

0:13:33.000 --> 0:13:36.880
<v Speaker 4>boost US manufacturing, bring cleaner air for Americans, reduced planet

0:13:36.880 --> 0:13:38.280
<v Speaker 4>warming emissions, et cetera.

0:13:38.320 --> 0:13:40.040
<v Speaker 2>Et cetera. The story never gets.

0:13:39.840 --> 0:13:42.880
<v Speaker 4>Around to even attempting to actually quantify and compare the

0:13:42.920 --> 0:13:45.240
<v Speaker 4>cost of the buses to the benefits derived from them.

0:13:46.200 --> 0:13:48.640
<v Speaker 4>For example, if the key benefit is reduction in global warming,

0:13:48.679 --> 0:13:51.080
<v Speaker 4>how great is the reduction? What benefits will come from it?

0:13:52.280 --> 0:13:56.760
<v Speaker 4>I fear both answers are negligible. Oh yeah, absolutely, we

0:13:56.760 --> 0:13:59.640
<v Speaker 4>can't afford to spend billions for negligible benefits. But to

0:13:59.640 --> 0:14:01.640
<v Speaker 4>some of the doesn't seem to matter. It's practically a

0:14:01.679 --> 0:14:07.280
<v Speaker 4>religious issue. Correct, That is absolutely well written. Yeah, yeah, well,

0:14:07.280 --> 0:14:11.560
<v Speaker 4>said Pellow. As always, let's see, Frank talks about chronic

0:14:11.640 --> 0:14:15.280
<v Speaker 4>pain and how to deal with it, and then he says, now,

0:14:15.320 --> 0:14:17.800
<v Speaker 4>some pain is completely different. I've had kidney stones, and

0:14:17.840 --> 0:14:21.480
<v Speaker 4>that requires a different strategy altogether while walking around inside

0:14:21.480 --> 0:14:23.360
<v Speaker 4>of it, As Jack mentioned, makes total sense to me.

0:14:23.640 --> 0:14:26.320
<v Speaker 4>I take a similar but opposite approach. First, I congratulate

0:14:26.400 --> 0:14:29.720
<v Speaker 4>God on creating something so exquisitely perfect the pain. Then

0:14:29.760 --> 0:14:32.080
<v Speaker 4>I imagine him and I standing side by side and

0:14:32.200 --> 0:14:35.200
<v Speaker 4>observing and admiring the pain. That and a little demorroll

0:14:35.200 --> 0:14:39.040
<v Speaker 4>do the trick. Oh man, I'm so glad of dodge

0:14:39.080 --> 0:14:42.520
<v Speaker 4>the kidney stone stone so far.

0:14:42.640 --> 0:14:48.200
<v Speaker 2>When I had my gallbladder attack. I was trying to try.

0:14:47.960 --> 0:14:50.160
<v Speaker 5>To apply some sort of pain stuff I'd heard before

0:14:50.200 --> 0:14:51.400
<v Speaker 5>in my life, but I wasn't so much.

0:14:51.240 --> 0:14:53.680
<v Speaker 2>Pain I couldn't even think. Oh yeah, and then you

0:14:53.720 --> 0:15:00.240
<v Speaker 2>know what did the trick? Morphine? Morphine is what really worked. Yeah. Yeah.

0:15:00.320 --> 0:15:03.440
<v Speaker 4>A special request for this the most election of our

0:15:03.480 --> 0:15:07.000
<v Speaker 4>lifetime from JT and Livermore. Even though we only have

0:15:07.040 --> 0:15:08.880
<v Speaker 4>about three weeks to go into the most election of

0:15:08.880 --> 0:15:10.840
<v Speaker 4>our lifetime, the weekends are so boring. So I have

0:15:10.880 --> 0:15:13.040
<v Speaker 4>a special request for the good of the country and

0:15:13.040 --> 0:15:14.840
<v Speaker 4>for the sanity of your audience, can you please do

0:15:14.880 --> 0:15:17.880
<v Speaker 4>your show every day, including weekends, until a winn is announced.

0:15:17.960 --> 0:15:20.560
<v Speaker 2>Pretty please? Selection of our lifetime. It is the most

0:15:20.560 --> 0:15:21.560
<v Speaker 2>election of our lifetime.

0:15:21.720 --> 0:15:26.200
<v Speaker 4>Well, thank you for that obviously underhanded compliment, JT. I

0:15:26.280 --> 0:15:29.080
<v Speaker 4>tell you what, if you own a shotgun and you

0:15:29.160 --> 0:15:32.040
<v Speaker 4>can get it into the studio and you can level

0:15:32.080 --> 0:15:35.480
<v Speaker 4>it at me, prepare yourself to see my blood spattered

0:15:35.480 --> 0:15:37.280
<v Speaker 4>on the walls, because you're gonna have to shoot me

0:15:37.720 --> 0:15:38.240
<v Speaker 4>before I.

0:15:38.240 --> 0:15:41.640
<v Speaker 2>Do a show on the weekends. But thank you. Let's see.

0:15:41.760 --> 0:15:42.400
<v Speaker 2>Oh this is good.

0:15:42.480 --> 0:15:45.520
<v Speaker 4>David and Oakland, who writes now and again and it's

0:15:45.560 --> 0:15:50.880
<v Speaker 4>always a little like this. You're a pennis thing. How

0:15:50.960 --> 0:15:54.040
<v Speaker 4>disgusting are you trying to be trendy? You guys dip

0:15:54.080 --> 0:15:55.920
<v Speaker 4>below the belt and come off as desperate to be

0:15:55.960 --> 0:15:58.480
<v Speaker 4>cool and with it. I turned the dial having no

0:15:58.560 --> 0:16:00.880
<v Speaker 4>interest in the part. You are a loose to. You

0:16:01.080 --> 0:16:03.160
<v Speaker 4>just couldn't help yourself, And I wonder how dense and

0:16:03.240 --> 0:16:05.880
<v Speaker 4>dumb you can be. Do you really think this is

0:16:05.920 --> 0:16:07.000
<v Speaker 4>cutting edge stuff?

0:16:07.560 --> 0:16:10.080
<v Speaker 2>What are they talking about? I don't know.

0:16:10.480 --> 0:16:14.360
<v Speaker 4>Did we do some reference to genitalium? Perhaps in the

0:16:14.400 --> 0:16:15.320
<v Speaker 4>One War Thing podcast?

0:16:15.440 --> 0:16:18.640
<v Speaker 2>Do you remember Hansen something penis related? From Friday?

0:16:18.920 --> 0:16:19.200
<v Speaker 5>David?

0:16:19.200 --> 0:16:22.200
<v Speaker 2>It has been so much lately, it all blends together, right, Yeah,

0:16:22.200 --> 0:16:22.840
<v Speaker 2>that's a good point.

0:16:23.680 --> 0:16:26.640
<v Speaker 4>Yeah, David writes occasionally makes it clear that he just

0:16:26.720 --> 0:16:27.640
<v Speaker 4>despises us.

0:16:27.560 --> 0:16:29.800
<v Speaker 2>And then you know, vanishes back into the woodwork.

0:16:30.120 --> 0:16:33.600
<v Speaker 4>Barbaric Joe you mentioned the other day, there's no fix

0:16:33.640 --> 0:16:35.960
<v Speaker 4>and stupid. The only example I can think of, writes

0:16:36.080 --> 0:16:38.920
<v Speaker 4>Daniel where stupid was fixed was the Scarecrow and the

0:16:38.920 --> 0:16:41.240
<v Speaker 4>Wizard of Oz. So can we get Kamala Harris to

0:16:41.280 --> 0:16:43.080
<v Speaker 4>crack open and bud light and sing? If I only

0:16:43.120 --> 0:16:48.480
<v Speaker 4>had a brain? I don't see that happening, and then

0:16:48.520 --> 0:16:55.280
<v Speaker 4>finally this from Tammy with two ease controversial Tammy. I

0:16:55.320 --> 0:16:57.960
<v Speaker 4>don't recall what prompted me to google Katie Green this weekend,

0:16:58.000 --> 0:16:59.480
<v Speaker 4>but I did, and I landed on her YouTube. But

0:16:59.520 --> 0:17:02.200
<v Speaker 4>the Blue Ane number one is a woman. I pictured

0:17:02.200 --> 0:17:04.360
<v Speaker 4>her as a brunette, but she's a cute blonde. I'm

0:17:04.359 --> 0:17:08.359
<v Speaker 4>a hetero woman, not creepily hitting on her, just saying two,

0:17:08.440 --> 0:17:12.040
<v Speaker 4>I've only heard snippets of Jack's experience with the Blue Angels. Three,

0:17:12.200 --> 0:17:15.919
<v Speaker 4>Jack and Katie could talk about their flights. Hmm, So

0:17:16.440 --> 0:17:18.640
<v Speaker 4>David and Oakland. If he didn't like penis talk, he's

0:17:18.680 --> 0:17:23.480
<v Speaker 4>gonna love vomit talk, so stay with us. Yeah, yeah, Katie,

0:17:23.480 --> 0:17:27.960
<v Speaker 4>did you find it upsetting digestively the flight.

0:17:29.520 --> 0:17:32.800
<v Speaker 2>At two instances? Yes? Breast of it? No, I was fine.

0:17:32.880 --> 0:17:38.000
<v Speaker 5>I filled both of the vomit bags completely full. Oh really, yes,

0:17:38.160 --> 0:17:40.040
<v Speaker 5>For a while they were calling me two sack Jack

0:17:40.080 --> 0:17:42.000
<v Speaker 5>because I got off the plane holding both bags.

0:17:42.480 --> 0:17:43.960
<v Speaker 2>Some good pictures of like trophies.

0:17:44.040 --> 0:17:49.119
<v Speaker 5>However, I did drink the night before and eat unfortunate

0:17:49.160 --> 0:17:51.600
<v Speaker 5>food tie food, as I recall, Yes, I went out

0:17:51.600 --> 0:17:53.640
<v Speaker 5>to a tie restaurant and drank. When they said don't

0:17:53.640 --> 0:17:56.480
<v Speaker 5>eat anything spicy or drink Okay, you did that because

0:17:56.520 --> 0:17:57.560
<v Speaker 5>rules do not apply to me.

0:17:57.720 --> 0:18:00.879
<v Speaker 2>No, certainly not. What are you some sort of sheep?

0:18:01.240 --> 0:18:04.040
<v Speaker 2>Exact exactly?

0:18:05.880 --> 0:18:08.480
<v Speaker 5>Which of the many polling numbers would you like to

0:18:08.520 --> 0:18:11.200
<v Speaker 5>hear that are amazing from the weekend? For instance, this one?

0:18:12.160 --> 0:18:15.840
<v Speaker 5>Did Biden's policies help or hurt your family? Forty five

0:18:15.920 --> 0:18:21.280
<v Speaker 5>percent hurt? Did Trump's policies helper hurt your family? Forty

0:18:21.320 --> 0:18:25.440
<v Speaker 5>four percent helped? With tiny numbers for the other show,

0:18:26.359 --> 0:18:27.560
<v Speaker 5>Armstrong and Get.

0:18:28.400 --> 0:18:32.320
<v Speaker 2>There Gonna work fast? Don't you think it's.

0:18:32.160 --> 0:18:32.680
<v Speaker 1>A little hot?

0:18:32.960 --> 0:18:34.800
<v Speaker 2>Absolutely, there's no doubt in my mind.

0:18:35.000 --> 0:18:41.119
<v Speaker 1>This is the Armstrong and Getty Show, the Armstrong and

0:18:41.160 --> 0:18:41.800
<v Speaker 1>Getty Show.

0:18:42.200 --> 0:18:45.679
<v Speaker 4>So quick metal game here. How much money do you

0:18:45.840 --> 0:18:47.280
<v Speaker 4>need to be considered?

0:18:47.400 --> 0:18:48.440
<v Speaker 2>What term do they use?

0:18:48.720 --> 0:18:53.639
<v Speaker 4>Wealthy? Like your net worth? How much would you have

0:18:53.760 --> 0:18:55.760
<v Speaker 4>to have in the bank to be wealthy?

0:18:55.960 --> 0:18:58.320
<v Speaker 5>The trouble with these questions, as we always point out,

0:18:58.520 --> 0:19:01.520
<v Speaker 5>is where do I live live currently? If I'm going

0:19:01.560 --> 0:19:05.959
<v Speaker 5>to stay here, it's a pretty big number. If I'm

0:19:06.000 --> 0:19:09.359
<v Speaker 5>where my brother lives, it's a much much smaller number

0:19:09.359 --> 0:19:10.760
<v Speaker 5>to have a perfectly happy life.

0:19:11.040 --> 0:19:15.280
<v Speaker 4>So you are both absolutely correct and a fun suck.

0:19:19.080 --> 0:19:29.240
<v Speaker 4>All right, let's specify you are in a third quintile

0:19:29.760 --> 0:19:33.640
<v Speaker 4>cost of living part of America, so you're.

0:19:33.600 --> 0:19:36.560
<v Speaker 2>Like a above average but not.

0:19:36.760 --> 0:19:39.120
<v Speaker 5>San francisc So the question is, and I'll stop being

0:19:39.119 --> 0:19:41.439
<v Speaker 5>a fun suck, So what's the number? What's the number

0:19:41.480 --> 0:19:43.240
<v Speaker 5>that makes you wealthy for your net worth?

0:19:43.880 --> 0:19:45.960
<v Speaker 2>Yeah? Yeah, So anyway, we'll come back to that in

0:19:46.000 --> 0:19:46.320
<v Speaker 2>a minute.

0:19:46.359 --> 0:19:49.919
<v Speaker 4>A couple of stories about financing money and retirement, that

0:19:49.960 --> 0:19:51.680
<v Speaker 4>sort of thing, getting away from politics at least for

0:19:51.720 --> 0:19:52.280
<v Speaker 4>a little while.

0:19:52.920 --> 0:19:53.960
<v Speaker 2>I thought it was interesting.

0:19:54.280 --> 0:19:57.920
<v Speaker 4>And though we are both gen xers, at the older

0:19:58.080 --> 0:20:02.399
<v Speaker 4>end of gen xers, and I've been aware of this,

0:20:02.480 --> 0:20:04.960
<v Speaker 4>I hadn't ever really thought about it. The generation was

0:20:05.000 --> 0:20:09.280
<v Speaker 4>the first generation to see a massive shift in how

0:20:09.320 --> 0:20:13.560
<v Speaker 4>Americans work and say, for retirement, companies moved from pensions

0:20:13.840 --> 0:20:17.240
<v Speaker 4>that promise steady income after years of service the goldwatch

0:20:17.280 --> 0:20:20.000
<v Speaker 4>at the retirement you worked for one or two companies

0:20:20.040 --> 0:20:23.760
<v Speaker 4>your entire career, Dad did to a much much more

0:20:23.920 --> 0:20:29.920
<v Speaker 4>mobile feel of employment. And four A one k's becoming

0:20:30.000 --> 0:20:34.160
<v Speaker 4>your retirement savings method and it's in your own hands.

0:20:34.600 --> 0:20:37.080
<v Speaker 4>And in fact, there are some of the financial services

0:20:37.080 --> 0:20:40.520
<v Speaker 4>industry that call gen X I think it's the four

0:20:40.560 --> 0:20:42.160
<v Speaker 4>to one k experiment generation.

0:20:43.600 --> 0:20:46.960
<v Speaker 5>It's interesting they call it an experiment, which insinuates that

0:20:47.000 --> 0:20:50.080
<v Speaker 5>they think it might not work or be a good idea.

0:20:50.640 --> 0:20:52.560
<v Speaker 2>Is that what they're insinuating? I suppose.

0:20:52.640 --> 0:20:54.480
<v Speaker 5>So I've never seen it as an experiment. It always

0:20:54.520 --> 0:20:57.600
<v Speaker 5>just seemed like such solidly a good idea, right.

0:20:57.880 --> 0:21:01.119
<v Speaker 4>But you've got to admit, because you know, some people,

0:21:01.119 --> 0:21:04.240
<v Speaker 4>whether they're lower education or they're you know, they're just

0:21:04.359 --> 0:21:09.240
<v Speaker 4>busy or don't have the interest in following politics and finance,

0:21:09.680 --> 0:21:12.680
<v Speaker 4>they got into four oh one k's very very late,

0:21:13.000 --> 0:21:16.720
<v Speaker 4>or didn't appreciate the importance of starting early, compound interests, etc.

0:21:17.960 --> 0:21:19.639
<v Speaker 4>It's a really good program in a lot of ways,

0:21:19.680 --> 0:21:20.800
<v Speaker 4>but you have to opt in.

0:21:20.960 --> 0:21:23.320
<v Speaker 5>I've been hammering my kids on that since they were

0:21:23.359 --> 0:21:25.639
<v Speaker 5>too young to have the slightest idea what it even means,

0:21:25.680 --> 0:21:28.800
<v Speaker 5>Just so it's in their head somewhere. Start putting in

0:21:28.840 --> 0:21:30.720
<v Speaker 5>the max of your four oh one K the first

0:21:30.760 --> 0:21:32.880
<v Speaker 5>time you get one. I don't care if you have

0:21:32.920 --> 0:21:36.119
<v Speaker 5>to eat cats like you're a Haitian immigrant. Put your

0:21:36.160 --> 0:21:38.399
<v Speaker 5>money in your four oh one k, change your life.

0:21:38.760 --> 0:21:39.240
<v Speaker 2>Yeah.

0:21:39.320 --> 0:21:42.960
<v Speaker 4>Yeah, So as an individualist, I have zero problem with

0:21:44.160 --> 0:21:46.080
<v Speaker 4>me being in charge of my retirement.

0:21:46.280 --> 0:21:46.440
<v Speaker 2>No.

0:21:47.200 --> 0:21:49.600
<v Speaker 4>In fact, I wish George W. Had been successful in

0:21:49.640 --> 0:21:52.680
<v Speaker 4>privatizing Social Security. Everybody listening would be a good deal

0:21:52.760 --> 0:21:54.680
<v Speaker 4>ridger now where they are come retirement.

0:21:54.760 --> 0:21:56.800
<v Speaker 2>We all know what the punchline to this is. Though.

0:21:57.840 --> 0:22:00.439
<v Speaker 5>Somebody that decides not to put an to their four

0:22:00.520 --> 0:22:03.639
<v Speaker 5>oh one k or the George W. Bush style private retirement,

0:22:04.119 --> 0:22:06.359
<v Speaker 5>they get to old age and don't have any money,

0:22:06.760 --> 0:22:10.320
<v Speaker 5>and it's presented as they don't have a dignified retirement,

0:22:11.000 --> 0:22:11.359
<v Speaker 5>and we.

0:22:11.280 --> 0:22:12.760
<v Speaker 2>Need to have a program for that.

0:22:13.720 --> 0:22:17.359
<v Speaker 4>Oh absolutely, we need your tax dollars, including you being

0:22:17.600 --> 0:22:21.200
<v Speaker 4>taxed on the very Social Security money.

0:22:21.040 --> 0:22:23.160
<v Speaker 2>That the government did, in.

0:22:23.160 --> 0:22:27.280
<v Speaker 4>A paltry and hilarious way, pile up for you fast.

0:22:27.480 --> 0:22:30.679
<v Speaker 4>They they don't pilot up current workers. It's in a

0:22:30.720 --> 0:22:34.960
<v Speaker 4>lock box, and it's not in a lock box. That's

0:22:34.960 --> 0:22:40.120
<v Speaker 4>a blasting twenty four years ago. But I enjoyed it, Ah, right,

0:22:40.160 --> 0:22:42.440
<v Speaker 4>So we could labor those points. But I think we're

0:22:42.440 --> 0:22:44.720
<v Speaker 4>all kind of up on it. I loved this article

0:22:44.720 --> 0:22:47.240
<v Speaker 4>in the Wall Street Journal. I loved to hate it.

0:22:48.320 --> 0:22:52.600
<v Speaker 4>They're breaking every retirement rule to be off now, not later.

0:22:53.160 --> 0:22:56.160
<v Speaker 4>Some workers want to spread retirements throughout their careers, even

0:22:56.200 --> 0:22:58.240
<v Speaker 4>if it means a smaller four to h one k

0:22:58.560 --> 0:23:02.080
<v Speaker 4>oh boy. And they profile this cute girl and her

0:23:02.280 --> 0:23:06.840
<v Speaker 4>cute boyfriend and how they're taking years off of work

0:23:06.920 --> 0:23:11.400
<v Speaker 4>and like spending down their savings to retire now. And

0:23:11.440 --> 0:23:14.280
<v Speaker 4>they say, even if I don't have as much money

0:23:14.320 --> 0:23:16.760
<v Speaker 4>when I retire, this is totally worth it.

0:23:17.119 --> 0:23:18.040
<v Speaker 2>Oh my god.

0:23:18.080 --> 0:23:21.040
<v Speaker 5>See if this is the problem with the libert straight

0:23:21.080 --> 0:23:25.120
<v Speaker 5>libertarian point of view, and so I'm a straight libertarian, good.

0:23:24.960 --> 0:23:27.800
<v Speaker 2>Good for you, you moron, do it. Go ahead.

0:23:28.040 --> 0:23:31.760
<v Speaker 5>But if I'm a realist slash conservative, I realize when

0:23:31.800 --> 0:23:34.880
<v Speaker 5>they don't have any money when they're older, you're gonna

0:23:34.920 --> 0:23:37.159
<v Speaker 5>take a bunch of my tax money or raise my

0:23:37.240 --> 0:23:40.280
<v Speaker 5>taxes to help them out. I know that's what's gonna happen.

0:23:41.200 --> 0:23:45.040
<v Speaker 4>Well, and these sexy thirty one year old say, oh no,

0:23:45.200 --> 0:23:48.640
<v Speaker 4>it's totally worth it to go hiking here in the Alps.

0:23:49.200 --> 0:23:51.240
<v Speaker 4>And if I have less money as an ulster, it'll

0:23:51.240 --> 0:23:55.320
<v Speaker 4>be great. The idea that the Wall Street Journal didn't

0:23:55.359 --> 0:23:58.560
<v Speaker 4>throw in a paragraph saying, now, obviously they have no

0:23:58.680 --> 0:24:01.280
<v Speaker 4>idea what they're talking about. And there could be nothing

0:24:01.320 --> 0:24:04.159
<v Speaker 4>more ridiculous than a thirty one year old, saying the

0:24:04.200 --> 0:24:07.160
<v Speaker 4>Thrills at age thirty one are quote unquote worth being

0:24:07.240 --> 0:24:11.600
<v Speaker 4>paupers as old people. Right, that's so stupid, it's almost hilarious.

0:24:11.800 --> 0:24:12.960
<v Speaker 4>Let's take a moment.

0:24:12.760 --> 0:24:16.760
<v Speaker 2>To last before they get back to the text of

0:24:16.800 --> 0:24:17.360
<v Speaker 2>the article.

0:24:19.400 --> 0:24:22.920
<v Speaker 4>But, as Jack has pointed out, embittering the entire conversation,

0:24:23.240 --> 0:24:27.080
<v Speaker 4>when they do hit their golden years and are forced

0:24:27.119 --> 0:24:30.520
<v Speaker 4>to eat cat carcasses, we will be paying for them

0:24:30.560 --> 0:24:31.400
<v Speaker 4>moving along.

0:24:33.080 --> 0:24:36.399
<v Speaker 5>God dang it, I know a bunch of people living

0:24:36.480 --> 0:24:39.480
<v Speaker 5>like that. I know people living like that right now,

0:24:39.480 --> 0:24:42.720
<v Speaker 5>and I think I'm fine again. I don't care what

0:24:42.760 --> 0:24:45.560
<v Speaker 5>you do with your money, but I know how things

0:24:45.600 --> 0:24:48.800
<v Speaker 5>work in the real world. And you're gonna be voting

0:24:48.960 --> 0:24:52.439
<v Speaker 5>for parties that say you don't have enough when you

0:24:52.520 --> 0:24:55.040
<v Speaker 5>spent your money on traveling around Europe as a twenty

0:24:55.040 --> 0:24:55.639
<v Speaker 5>six year.

0:24:55.480 --> 0:25:00.720
<v Speaker 4>Old, right, yeah, yeah, that's why I hate humanity anyway.

0:25:00.880 --> 0:25:03.439
<v Speaker 2>Knows how many times I've traveled around Europe when I

0:25:03.480 --> 0:25:04.800
<v Speaker 2>was twenty six zero.

0:25:05.160 --> 0:25:07.760
<v Speaker 5>I don't even hit my current age. Why because I'm

0:25:07.800 --> 0:25:10.520
<v Speaker 5>saving my money and I don't want you to get

0:25:10.520 --> 0:25:13.240
<v Speaker 5>it because you think it'd be super cool to travel

0:25:13.280 --> 0:25:14.080
<v Speaker 5>around the world.

0:25:14.160 --> 0:25:15.400
<v Speaker 2>God that pisses me off.

0:25:16.400 --> 0:25:20.000
<v Speaker 4>Well, it's not like if you subsidize or reward bad behavior,

0:25:20.040 --> 0:25:23.280
<v Speaker 4>you get more of it or anything, he says, sarcastically,

0:25:23.359 --> 0:25:27.359
<v Speaker 4>shaking his head sadly and wanting nothing more than to

0:25:27.440 --> 0:25:29.439
<v Speaker 4>vanish into the woods and leave humanity behind.

0:25:29.520 --> 0:25:30.200
<v Speaker 2>Finally, this.

0:25:32.280 --> 0:25:36.879
<v Speaker 4>According to a major modern wealth survey by Charles Schwab

0:25:38.200 --> 0:25:38.919
<v Speaker 4>dot dot dot.

0:25:39.240 --> 0:25:39.679
<v Speaker 2>What is it?

0:25:39.760 --> 0:25:45.240
<v Speaker 4>They asked Americans what average networth it takes to be wealthy,

0:25:46.119 --> 0:25:50.400
<v Speaker 4>with the caveat that. Well, actually they mentioned that when

0:25:50.400 --> 0:25:53.760
<v Speaker 4>it comes to geographic regions, California has the highest threshold

0:25:53.760 --> 0:25:56.399
<v Speaker 4>of what it takes to be wealthy. Of course, and

0:25:56.640 --> 0:25:58.800
<v Speaker 4>I'll tell you all, Americans say it's two point five

0:25:58.880 --> 0:26:02.000
<v Speaker 4>million dollars net worth, you are wealthy.

0:26:01.720 --> 0:26:04.640
<v Speaker 5>On average concascination, it's two and a half million. It's

0:26:04.680 --> 0:26:05.840
<v Speaker 5>higher than I would have guessed.

0:26:06.320 --> 0:26:09.320
<v Speaker 4>Well, San Franciscans say it takes four point four million.

0:26:09.400 --> 0:26:10.240
<v Speaker 2>To your point, I.

0:26:10.240 --> 0:26:12.720
<v Speaker 5>Don't blame them, given the cost of a house or

0:26:12.720 --> 0:26:13.439
<v Speaker 5>rent or whatever.

0:26:14.000 --> 0:26:17.040
<v Speaker 4>And Southern Cali Unicornians indicated it takes an average networth

0:26:17.040 --> 0:26:21.080
<v Speaker 4>of three point four million. Survey respondents who lived in Atlanta, Chicago, Houston, Phoenix,

0:26:21.080 --> 0:26:24.520
<v Speaker 4>in Dallas expressed lower numbers, of course, which is why

0:26:24.760 --> 0:26:28.320
<v Speaker 4>any national figure like for income tax, for instance, is

0:26:28.520 --> 0:26:30.040
<v Speaker 4>utterly unfair and ridiculous.

0:26:30.800 --> 0:26:31.960
<v Speaker 2>Having said that, I.

0:26:31.880 --> 0:26:33.600
<v Speaker 4>Suppose you if you don't like where you are and

0:26:33.640 --> 0:26:35.720
<v Speaker 4>your taxes and your wealth, and that you could move.

0:26:36.320 --> 0:26:38.600
<v Speaker 5>So I just would like to point out for all

0:26:38.680 --> 0:26:41.320
<v Speaker 5>you who don't live in California, it is really expensive

0:26:41.359 --> 0:26:43.600
<v Speaker 5>to live here, but what you get for what you

0:26:43.720 --> 0:26:44.840
<v Speaker 5>pay is.

0:26:48.440 --> 0:26:49.680
<v Speaker 2>A kick in the groin.

0:26:50.800 --> 0:26:52.560
<v Speaker 4>All Americans say you have to have two point five

0:26:52.600 --> 0:26:57.200
<v Speaker 4>million to be wealthy, to be financially comfortable, seven hundred

0:26:57.240 --> 0:26:58.520
<v Speaker 4>and seventy eight thousand.

0:26:58.200 --> 0:27:02.720
<v Speaker 2>Dollars net worth. Yeah again, depending on where you live.

0:27:02.920 --> 0:27:06.840
<v Speaker 2>Good luck with that in San Francisco. Yeah yeah, well

0:27:07.160 --> 0:27:07.920
<v Speaker 2>get the hell out.

0:27:08.480 --> 0:27:12.720
<v Speaker 4>Boomers say you need two point eight million dollars or

0:27:12.760 --> 0:27:15.400
<v Speaker 4>seven hundred and eighty thousand dollars to be financially comfortable.

0:27:15.480 --> 0:27:17.640
<v Speaker 2>Not surprisingly. Now this is interesting.

0:27:17.760 --> 0:27:20.680
<v Speaker 4>Jen X says you need two point seven million, whichs

0:27:20.760 --> 0:27:22.679
<v Speaker 4>right there in the number. But they say to be

0:27:22.720 --> 0:27:25.800
<v Speaker 4>financially comfortable, you need eight hundred and seventy three thousand dollars,

0:27:25.880 --> 0:27:28.040
<v Speaker 4>which is almost one hundred thousand more than boomers and

0:27:28.080 --> 0:27:28.720
<v Speaker 4>all Americans.

0:27:28.960 --> 0:27:32.360
<v Speaker 5>The biggest wilds The biggest wild card that nobody factors

0:27:32.359 --> 0:27:35.520
<v Speaker 5>in until they start to get older is healthcare costs.

0:27:35.760 --> 0:27:37.560
<v Speaker 2>Yeah, because you have have.

0:27:37.600 --> 0:27:40.760
<v Speaker 5>Had zero Your healthcare costs every year are almost none

0:27:40.800 --> 0:27:43.760
<v Speaker 5>when you're thirty five, as I remember it. But until

0:27:43.760 --> 0:27:46.640
<v Speaker 5>the breath is taking Yeah, until it's like, holy crap,

0:27:46.680 --> 0:27:49.479
<v Speaker 5>this is going to ruin me in a couple of decades.

0:27:50.400 --> 0:27:52.520
<v Speaker 2>Yeah, which is one of the things that I'm glad

0:27:52.560 --> 0:27:53.119
<v Speaker 2>you threw that in.

0:27:53.240 --> 0:27:55.360
<v Speaker 4>As I'm looking at those healthy thirty one year olds

0:27:55.400 --> 0:27:58.440
<v Speaker 4>hiking about Europe, it comes for.

0:27:58.440 --> 0:27:58.919
<v Speaker 2>All of us.

0:27:58.960 --> 0:28:01.479
<v Speaker 4>I don't know, oh how much I would have to

0:28:01.520 --> 0:28:05.200
<v Speaker 4>have to be like completely confident everything will be fine

0:28:06.000 --> 0:28:10.240
<v Speaker 4>because you know, the right health problem comes along or

0:28:10.320 --> 0:28:12.520
<v Speaker 4>long term care kerb Lewie.

0:28:12.920 --> 0:28:14.560
<v Speaker 2>I don't mean to freak anybody out, but.

0:28:15.080 --> 0:28:17.240
<v Speaker 5>Well, and then in a world where a lot of

0:28:17.280 --> 0:28:21.000
<v Speaker 5>people who have kids have one who's got a variety

0:28:21.040 --> 0:28:24.520
<v Speaker 5>of problems because who knows why that's happening, that's an

0:28:24.560 --> 0:28:26.679
<v Speaker 5>expense too, you weren't planning on when you were hiking

0:28:26.720 --> 0:28:27.560
<v Speaker 5>at age thirty.

0:28:28.200 --> 0:28:31.960
<v Speaker 4>Well, finally, though they're optimistic about their future, wealth respondents

0:28:32.000 --> 0:28:34.320
<v Speaker 4>acknowledge that there's more that they can do with fewer

0:28:34.359 --> 0:28:36.520
<v Speaker 4>than one in five saying they're currently on top of

0:28:36.560 --> 0:28:40.000
<v Speaker 4>their finances. Eighteen percent say yeah, I'm doing what I'm

0:28:40.000 --> 0:28:43.760
<v Speaker 4>supposed to be doing and doing it systematically. Whoa again

0:28:43.840 --> 0:28:48.840
<v Speaker 4>to your bitter point, Oh, bitter Jack, you know it's

0:28:48.880 --> 0:28:51.480
<v Speaker 4>fun on a Friday talking to bitter Jack. Hey, bitter Jack,

0:28:51.520 --> 0:28:53.960
<v Speaker 4>come bull up a bar stool, ruin our day for us.

0:28:54.120 --> 0:28:55.560
<v Speaker 2>I'm here for you doing Jack.

0:28:55.880 --> 0:28:58.360
<v Speaker 4>I'm good now, but I could be decimated by future

0:28:58.400 --> 0:28:59.120
<v Speaker 4>health problems.

0:29:00.240 --> 0:29:01.640
<v Speaker 2>Who invited bitter Jack?

0:29:03.520 --> 0:29:13.600
<v Speaker 1>Arm Strong and the Armstrong and Getty show.

0:29:14.400 --> 0:29:24.560
<v Speaker 2>Boundary for help, take a look offering some help? And Vivian,

0:29:33.640 --> 0:29:36.719
<v Speaker 2>you were so close to that million dollars.

0:29:37.880 --> 0:29:42.560
<v Speaker 5>Oh my god, it's just a regular mom who had

0:29:42.600 --> 0:29:44.880
<v Speaker 5>a chance at a million dollars if she could have solved.

0:29:45.200 --> 0:29:48.680
<v Speaker 5>I'm looking at the board. There you got the erring part.

0:29:49.240 --> 0:29:52.280
<v Speaker 5>Some and help are basically completely solved. Help is solved.

0:29:52.520 --> 0:29:55.160
<v Speaker 5>Some is missing wood letter, So it's just what is

0:29:55.520 --> 0:29:58.240
<v Speaker 5>something arring some help? When you hear the beginning of it,

0:29:58.280 --> 0:29:59.800
<v Speaker 5>I want to hear her guesses.

0:30:00.600 --> 0:30:04.800
<v Speaker 6>Wondering some help, answering some help, wondering I'm finding some help.

0:30:04.800 --> 0:30:05.960
<v Speaker 2>Will you run for some help?

0:30:06.720 --> 0:30:07.600
<v Speaker 1>Boundary for help?

0:30:11.440 --> 0:30:14.800
<v Speaker 2>That's boundary. I don't know.

0:30:15.760 --> 0:30:17.800
<v Speaker 4>I'm sorry the nice lady didn't win the money, but

0:30:18.120 --> 0:30:19.880
<v Speaker 4>you know why she didn't because she's no good at

0:30:19.880 --> 0:30:20.280
<v Speaker 4>the game.

0:30:20.960 --> 0:30:24.160
<v Speaker 5>Well, she said she was nervous, and I've had that before,

0:30:24.200 --> 0:30:26.680
<v Speaker 5>where I just I can't. I can't like come up

0:30:26.680 --> 0:30:28.640
<v Speaker 5>with things that if I weren't nervous I could come

0:30:28.720 --> 0:30:32.560
<v Speaker 5>up with easily, because then you know, you know, whatever

0:30:32.640 --> 0:30:33.600
<v Speaker 5>kind of situation, but.

0:30:33.640 --> 0:30:38.520
<v Speaker 2>Which is part of the game she's bad at. Yes, yes,

0:30:39.080 --> 0:30:40.440
<v Speaker 2>boundary for.

0:30:42.560 --> 0:30:46.480
<v Speaker 4>Offering for help again, her her anguish brings me no

0:30:46.600 --> 0:30:47.280
<v Speaker 4>joy whatsoever.

0:30:48.280 --> 0:30:51.320
<v Speaker 2>Yeah, No, too bad. She missed out on a million dollars. Well, well,

0:30:51.320 --> 0:30:53.400
<v Speaker 2>it's the way the cookie crumbled, it is exactly?

0:30:53.600 --> 0:30:56.560
<v Speaker 4>Or is this a sign of the cruel new Ryan

0:30:56.680 --> 0:31:01.040
<v Speaker 4>Seacrest era on wheel of fortune? And we're going to

0:31:01.160 --> 0:31:03.680
<v Speaker 4>rule that wheel with an iron at which no holds

0:31:03.720 --> 0:31:04.240
<v Speaker 4>her barred?

0:31:06.600 --> 0:31:07.080
<v Speaker 2>Perhaps?

0:31:07.480 --> 0:31:11.800
<v Speaker 4>Uh So some non political stuff after a quick political

0:31:11.800 --> 0:31:12.239
<v Speaker 4>follow up.

0:31:12.240 --> 0:31:13.920
<v Speaker 2>We were talking in the last hower.

0:31:13.920 --> 0:31:18.560
<v Speaker 4>I guess about, among other things, the Harris campaign, to

0:31:18.600 --> 0:31:20.760
<v Speaker 4>the extent that it has any policies they've been talking

0:31:20.760 --> 0:31:25.400
<v Speaker 4>with Biden about taxing unrealized assets of like, oh, super

0:31:25.520 --> 0:31:26.040
<v Speaker 4>rich people.

0:31:26.080 --> 0:31:29.600
<v Speaker 5>I love this so and and so the unrealized capital

0:31:29.640 --> 0:31:31.800
<v Speaker 5>gains tax. And this is what you got to remember.

0:31:32.200 --> 0:31:35.719
<v Speaker 5>It's being proposed for billionaires to start with. But you know,

0:31:35.760 --> 0:31:39.200
<v Speaker 5>if they get that going, those are gonna come down obviously,

0:31:39.600 --> 0:31:42.440
<v Speaker 5>and it's gonna goes by thunder and there goes my thunder.

0:31:42.560 --> 0:31:45.920
<v Speaker 5>It's gonna be infect freaking everybody eventually.

0:31:46.280 --> 0:31:47.800
<v Speaker 2>And this has got to be.

0:31:47.840 --> 0:31:52.280
<v Speaker 5>Rejected harshly, harshly, And the fact that she has not

0:31:52.400 --> 0:31:54.360
<v Speaker 5>had to answer a question about this is amazing.

0:31:55.000 --> 0:32:00.000
<v Speaker 4>Yeah, it's a journalistic malpractice and treason practically. Uh So, Yeah,

0:32:00.080 --> 0:32:01.760
<v Speaker 4>we skipped to the end, which is fine. This is

0:32:01.800 --> 0:32:05.640
<v Speaker 4>the mirror image of what was the brilliant book. Oh

0:32:05.680 --> 0:32:08.320
<v Speaker 4>we interviewed the author he so Hoover Foundation guy, Hoover

0:32:08.400 --> 0:32:10.960
<v Speaker 4>Institution guy. But it was about the fact that welfare

0:32:11.000 --> 0:32:14.960
<v Speaker 4>programs of all sorts expand inevitably. If you have like

0:32:15.280 --> 0:32:17.720
<v Speaker 4>pathetic on the scale of one to one hundred, and

0:32:17.800 --> 0:32:20.640
<v Speaker 4>you start a program that's for levels one, two, and three,

0:32:21.640 --> 0:32:25.160
<v Speaker 4>what's the next thing that happens level four? Are advocates

0:32:25.160 --> 0:32:26.240
<v Speaker 4>for level four say.

0:32:26.440 --> 0:32:29.600
<v Speaker 2>Well, whoa whoa level fource just one more level of pathetic?

0:32:29.600 --> 0:32:31.200
<v Speaker 2>Why aren't they getting any help?

0:32:31.560 --> 0:32:33.600
<v Speaker 5>The book is the High Cost of good Intentions, and

0:32:33.640 --> 0:32:36.440
<v Speaker 5>it has so many great examples, going clear back to

0:32:36.680 --> 0:32:40.600
<v Speaker 5>Revolutionary War veterans and how it started with people who

0:32:40.600 --> 0:32:43.680
<v Speaker 5>fought in the Revolutionary War, then spread to their spouses,

0:32:43.880 --> 0:32:46.080
<v Speaker 5>then spread to their kids, and it ended up being

0:32:46.400 --> 0:32:49.400
<v Speaker 5>people who were alive during the Revolutionary War, and it

0:32:49.480 --> 0:32:50.480
<v Speaker 5>just kept spreading and spreading.

0:32:50.520 --> 0:32:51.959
<v Speaker 2>And we've done that throughout history.

0:32:52.520 --> 0:32:55.360
<v Speaker 4>A guy who wants picnicked on bunker hill, you know

0:32:55.440 --> 0:32:59.440
<v Speaker 4>whatever it was, Yeah, yeah, it inevitably explains, so the

0:32:59.480 --> 0:33:02.360
<v Speaker 4>mirror im that and it's this is so insidious.

0:33:02.360 --> 0:33:03.600
<v Speaker 2>But once you catch on to it.

0:33:04.080 --> 0:33:08.400
<v Speaker 4>Nobody gives a crap about billionaires or will shed a

0:33:08.440 --> 0:33:13.200
<v Speaker 4>single tier. They are an utterly unsympathetic group when it

0:33:13.200 --> 0:33:17.680
<v Speaker 4>comes to especially being taxed. But you've got this concept

0:33:17.720 --> 0:33:21.160
<v Speaker 4>of taxing unrealized gains, which has been seen as abhorrent.

0:33:22.400 --> 0:33:25.320
<v Speaker 4>But if you can get that concept into play against

0:33:25.360 --> 0:33:29.640
<v Speaker 4>the utterly unsympathetic billionaires, soon it's one hundred millionaires and

0:33:29.680 --> 0:33:33.000
<v Speaker 4>you're thinking, I still don't give a crap. O wait,

0:33:33.360 --> 0:33:37.000
<v Speaker 4>and you won't have to wait long, mister, honey, honey.

0:33:37.160 --> 0:33:39.440
<v Speaker 4>We just hit five hundred thousand dollars in the four

0:33:39.480 --> 0:33:42.120
<v Speaker 4>to oh one k. They are coming for you, man,

0:33:42.200 --> 0:33:46.600
<v Speaker 4>They are absolutely coming for you. The income tax originally

0:33:46.680 --> 0:33:49.600
<v Speaker 4>was extremely narrow. I can't tell you the number of

0:33:49.840 --> 0:33:53.920
<v Speaker 4>government Social Security again, the mirror image was originally for

0:33:54.000 --> 0:33:56.400
<v Speaker 4>like two percent of the population. Can you realize how

0:33:56.440 --> 0:33:56.920
<v Speaker 4>this would work?

0:33:56.960 --> 0:33:59.960
<v Speaker 5>So you got stock in Tesla or whatever, Tesla goes

0:34:00.120 --> 0:34:03.040
<v Speaker 5>up a lot this year, Okay, well, you you made money,

0:34:03.080 --> 0:34:03.959
<v Speaker 5>you owe tax on that.

0:34:04.200 --> 0:34:05.360
<v Speaker 2>So my Tesla.

0:34:05.080 --> 0:34:08.080
<v Speaker 5>Stock went up fifty thousand dollars and now I owe

0:34:08.160 --> 0:34:11.560
<v Speaker 5>you whatever. You'd have to pay twenty grand, even though

0:34:11.600 --> 0:34:13.920
<v Speaker 5>I haven't cashed it out yet, And of course the

0:34:13.960 --> 0:34:17.359
<v Speaker 5>Tesla stock could go back down after that, and then

0:34:17.400 --> 0:34:17.880
<v Speaker 5>what do you do.

0:34:18.640 --> 0:34:22.920
<v Speaker 4>So, setting aside the whole introducing something abhorrent mission creep

0:34:22.960 --> 0:34:25.200
<v Speaker 4>principle as we were talking about last hour, it would

0:34:25.200 --> 0:34:28.160
<v Speaker 4>also be absolutely devastating to the stock market and everybody's

0:34:28.160 --> 0:34:30.640
<v Speaker 4>four oh one case, because there would be huge dumping

0:34:30.760 --> 0:34:34.719
<v Speaker 4>of stock among the investor class. It would be too

0:34:34.719 --> 0:34:36.319
<v Speaker 4>expensive to keep it, and it would happen a year

0:34:36.360 --> 0:34:42.080
<v Speaker 4>after year after year to avoid taxes. And Kenonymous dropped

0:34:42.120 --> 0:34:47.160
<v Speaker 4>me a text. Also, the unrealized gain tax is simply

0:34:47.200 --> 0:34:49.160
<v Speaker 4>paying the tax on that stuff early.

0:34:49.480 --> 0:34:51.120
<v Speaker 2>It doesn't make any more money.

0:34:51.120 --> 0:34:54.600
<v Speaker 4>In fact, it makes less because the asset will not

0:34:54.719 --> 0:34:56.040
<v Speaker 4>grow as quickly because of.

0:34:55.960 --> 0:34:58.160
<v Speaker 2>The tax being extracted from it.

0:34:58.520 --> 0:35:01.239
<v Speaker 4>The capital gains tax will be paid upon death or

0:35:01.320 --> 0:35:03.399
<v Speaker 4>transfer like it is now, but it won't be able

0:35:03.400 --> 0:35:05.919
<v Speaker 4>to grow as much. What seems like a tax gain

0:35:06.040 --> 0:35:12.080
<v Speaker 4>is just paying it early. Typical shell game taxes are now,

0:35:12.520 --> 0:35:16.239
<v Speaker 4>some people might argue, but billionaires who have say a

0:35:16.280 --> 0:35:18.960
<v Speaker 4>billion dollars worth of stock, they can borrow against that

0:35:19.160 --> 0:35:23.160
<v Speaker 4>as income and spend that money and live lavishly and

0:35:23.200 --> 0:35:23.719
<v Speaker 4>the rest of.

0:35:23.640 --> 0:35:25.960
<v Speaker 2>It well go with a value added tax.

0:35:26.040 --> 0:35:28.799
<v Speaker 4>Then if you buy anything, there's a value added tax,

0:35:28.840 --> 0:35:31.200
<v Speaker 4>but you have to eliminate income taxes and one hundred

0:35:31.200 --> 0:35:34.680
<v Speaker 4>other dopey you know, duplicit as taxes.

0:35:34.760 --> 0:35:37.000
<v Speaker 2>But anyway, that's enough of that. I vote on who's

0:35:37.040 --> 0:35:39.680
<v Speaker 2>got the most joy. I don't pay attention to this stuff.

0:35:40.080 --> 0:35:43.640
<v Speaker 2>Amazon announced five days a week beiches. Sorry, that's a

0:35:43.680 --> 0:35:44.600
<v Speaker 2>girst way to put it.

0:35:46.040 --> 0:35:48.760
<v Speaker 4>They're telling their corporate staff to be in the office

0:35:48.840 --> 0:35:50.120
<v Speaker 4>every weekday.

0:35:50.360 --> 0:35:52.760
<v Speaker 2>There is strom draw and angst.

0:35:53.080 --> 0:35:58.080
<v Speaker 5>I've got such a dichotomy of opinions on Amazon. I

0:35:58.160 --> 0:36:01.160
<v Speaker 5>hate that it's closed down any of my favorite local

0:36:01.200 --> 0:36:03.319
<v Speaker 5>stores in my small town because they couldn't keep up

0:36:03.320 --> 0:36:06.000
<v Speaker 5>with Amazon. On the other hand, I wanted a little

0:36:06.000 --> 0:36:06.839
<v Speaker 5>hair trimmer.

0:36:06.560 --> 0:36:09.080
<v Speaker 2>For my man escaping. Katie. You know baby oil for

0:36:09.200 --> 0:36:10.400
<v Speaker 2>your puff daddy.

0:36:10.600 --> 0:36:14.960
<v Speaker 5>You know how, Katie, I'm always manscaping I need.

0:36:15.360 --> 0:36:17.680
<v Speaker 4>I just yeah, it's no kidding, turn off your it's

0:36:17.680 --> 0:36:19.399
<v Speaker 4>just close your eyes and cover your ears.

0:36:19.400 --> 0:36:21.400
<v Speaker 5>This is harassment because I was gonna mention it. I

0:36:21.480 --> 0:36:24.000
<v Speaker 5>just knew you really don't want to hear that. You

0:36:24.120 --> 0:36:26.279
<v Speaker 5>really really don't even want to think about that. But

0:36:26.440 --> 0:36:29.040
<v Speaker 5>I bought a man scaping tool on Amazon and I

0:36:29.080 --> 0:36:32.160
<v Speaker 5>had it in three hours at my house. Now, they

0:36:32.160 --> 0:36:34.760
<v Speaker 5>probably didn't even have what I was looking for film,

0:36:34.800 --> 0:36:37.920
<v Speaker 5>a porn or what. Why do you need a party?

0:36:38.000 --> 0:36:40.160
<v Speaker 2>I didn't need a three hours I didn't.

0:36:40.920 --> 0:36:42.960
<v Speaker 5>I'm going to a freak out or whatever you call

0:36:43.040 --> 0:36:45.719
<v Speaker 5>those freak session, freaking freak.

0:36:45.480 --> 0:36:50.759
<v Speaker 6>Off freak off with this story, Jack, But how does

0:36:50.880 --> 0:36:54.200
<v Speaker 6>any store stay open when I can order something and

0:36:54.320 --> 0:36:56.600
<v Speaker 6>have it at my house in two hours, I know,

0:36:56.960 --> 0:36:57.800
<v Speaker 6>or tonight or tomorrow.

0:36:57.800 --> 0:37:00.320
<v Speaker 5>I mean, it's amazing, absolutely amazing, and I am not

0:37:00.480 --> 0:37:01.480
<v Speaker 5>being well groomed.

0:37:01.160 --> 0:37:02.080
<v Speaker 2>And smooth as a dolphins.

0:37:03.200 --> 0:37:09.280
<v Speaker 1>Jack, Armstrong and Joe Getty The Armstrong and Getty Shoe